Source: EMARKETER Forecast, May 2025 - December 2024
Note: includes membership programs where a retail store offers access to exclusive benefits or discounts in exchange for a recurring monthly or annual fee; excludes delivery services
Additional Note: Membership fee revenues are accounted for on a deferred basis, recognized ratably over the one-year membership period.
Methodology: Estimates are based on the analysis of data from other research firms and government agencies, historical trends, reported and estimated revenues from company reports, consumer online buying trends, and macro-level economic conditions.